Part of the debate – in the House of Lords at 2:44 pm on 8 February 2011.
My Lords, action taken in the June Budget and spending review has demonstrated the Government's commitment to fairness. We set out in the spending review our best estimate of the overall distributional impact of the fiscal consolidation. This shows that the top 20 per cent contribute most to the fiscal consolidation as a percentage of net income and benefits in kind.